The National Stock Exchange (NSE) has expelled crisis-hit Anugrah Stock & Broking Pvt Ltd (KSBL) from its membership, while declaring the brokerage as defaulter. NSE’s earlier investigation found that Anugrah was running an unauthorised derivatives advisory service (DAS) through an associate...
  • In a sudden turn of events, some hours before the amalgamation of the Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd is to take effect, the Reserve Bank of India (RBI) on Thursday gave a Rs318.20 crore relief to DBS Bank.   The RBI wrote ti LVB's Administrator on Thursday to write...
  • Karvy Stock Broking Ltd (KSBL) was expelled by the National Stock Exchange (NSE) on 22nd November—a whole year after the market regulator, Securities and Exchange Board of India (SEBI) had suspended its operations and barred it from taking on new clients. KSBL had illegally transferred and...
  • Market regulator Securities and Exchange Board of India (SEBI) has decided to revise certain regulatory measures introduced in March this year to contain market volatility amid the coronavirus (COVID) pandemic. Based on market feedback and changed market environment, SEBI says it has decided...
  • The union cabinet on Wednesday approved scheme of amalgamation of Lakshmi Vilas Bank Ltd (LVB) with DBS Bank India Ltd and also asked Reserve Bank of India (RBI) to take action against people responsible for collapse of LVB. With the cabinet approving their merger, there will no further...
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